Thursday, December 19

Tag: technology

IBM to Take Over 1,000 Indian Staff as Part of Red Hat Deal
30Oct By Gauri SinghNo Comments
News

IBM to Take Over 1,000 Indian Staff as Part of Red Hat Deal

After the $33 billion acquisition of Red Hat, IBM will take over 1,000 people on board of the acquired company in the world’s second-largest technology deal so far. Along with this, IBM will get clients with high volume transactions that will include Bombay Stock Exchange and National Stock Exchange once the cash deal to acquire Red Hat Inc is completed. “The acquisition of Red Hat is a game-changer. It changes everything about the cloud market,” IBM chairman Ginni Rometty said. “IBM will become the world's #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses,” she said. Red Hat is known for its open culture that has been built by its CEO Jim Whitehurst and imbibed at its offices in India. BSE and N...
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Sony Launches ‘World’s Toughest and Fastest’ SD Cards in India
17Oct By Gauri SinghNo Comments
Tech

Sony Launches ‘World’s Toughest and Fastest’ SD Cards in India

Sony expanded the SF-G Series with the launch of the new UHS-II SD card range that is touted to be the world's toughest and fastest. Dubbed Tough, the new SF-G series is claimed to offer read speeds up to 300MBps and write speeds up to 299MBps. Sony has also offered a bend proof build that can be bent to 180N and resist a drop of up to five metres. All this makes it the new SD cards 18 times stronger than the SD standard that withstands 10N force, Sony claims. Further, the new SF-G Series SD cards have an IP68 rating that makes them water- and dust-resistant. While the 64GB Sony SF-G64T in the new series comes with a price tag of Rs. 13,290, the 128GB SF-G128T is priced at Rs. 24,590. Both new models are already available for purchase through all Sony Center, Alpha Flagship stores, and ...
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Indian Passengers May Enjoy In-flight Wifi Connectivity from Next Month
13Oct By Gauri SinghNo Comments
INDIA

Indian Passengers May Enjoy In-flight Wifi Connectivity from Next Month

With the technology growing at a great pace, Indian passengers can now expect to browse the internet and make calls on board from next month. The Indian airline SpiceJet has announced that they will become the first airline to offer wifi on board, as their new Boeing 737 Max is fitted with systems to make it possible. “We have also selected a service provider and as soon as government approvals come, passengers will be able to use wifi on board, most probably from next month,” SpiceJet CMD Ajay Singh said. "Fares currently are not sustainable and airlines will have raise fares to meet cost of operations and remain profitable.” The aircraft of the airline is fitted with Satcom that will enable the airline to offer internet on board. Also, the airline will offer wifi ‘complimentary’ for th...
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California-based ServiceNow Acquires FriendlyData to Simplify Work
11Oct By Gauri SinghNo Comments
ACQUISITION

California-based ServiceNow Acquires FriendlyData to Simplify Work

California based cloud service management company ServiceNow has announced the acquisition of a startup called FriendlyData. The move is being taken to integrate the startup’s natural language search technology into apps on its Now platform. FriendlyData was founded in 2016 and its natural language query (NLQ) technology enables enterprise customers to build search tools. These tools allow users to ask technical questions even if they don’t know the right jargon. The company's tech will be integrated into ServiceNow’s platform that will include apps for IT, human resources, security operations, and customer service management. “ServiceNow is bringing NLQ capabilities to the Now Platform, enabling companies to ask technical questions in plain English and receive direct answers. Wit...
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All About the Newly Launched Pixel 3 and Other Google Devices
10Oct By Gauri SinghNo Comments
Tech

All About the Newly Launched Pixel 3 and Other Google Devices

The technology giant Google launched its third edition of Pixel smartphone, a Google Home smart speaker with a display and its first tablet computer on Tuesday. The company with these launches is making a larger push into hardware. Google Pixel has been a great success since its launch and the topped Amazon in smart speaker sales in recent quarters. Google’s Android software has gone from being an also-ran to the brains of most of the world's smartphones. The new smartphone Pixel 3 is priced at $799, and its larger sibling Pixel 3 XL is priced at $899. With Google’s latest entries into a phone lineup it hopes will someday be as popular as Apple's iPhone.   The new Pixel 3, Pixel Slate and Google Home Hub. All the big #madebygoogle news, right here for you. pic.twitter.com/...
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Strand Life Sciences to Acquire Medical Arm of Quest Diagnostics
9Oct By Gauri SinghNo Comments
ACQUISITION

Strand Life Sciences to Acquire Medical Arm of Quest Diagnostics

Bengaluru-based silico technology company Strand Life Sciences Pvt. Ltd has entered a deal to acquire the India medical diagnostics business of New York Stock Exchange-listed Quest Diagnostics Inc. However, the financial details of the deal have not been disclosed yet. Ramesh Hariharan, CEO at Strand Life stated that the deal will add strong North India presence and marquee clientele that includes hospital chains, corporate houses and pharmaceutical companies to the company’s portfolio. “This acquisition is an important addition to our network of 24 diagnostic labs across India, especially as we continue to expand our work in oncology, genomics, and precision medicine,” Ramesh Hariharan, CEO at Strand Life, said. On the other hand, Quest has a 65,000-square-feet laboratory in Gurugam....
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Amazon Brings In Fire TV Stick 4K in India at Rs 5,999
4Oct By Gauri SinghNo Comments
Tech

Amazon Brings In Fire TV Stick 4K in India at Rs 5,999

Amazon has launched its new Fire TV Stick 4K which is an upgraded version of its streaming media stick along with a new Alexa-powered voice remote. The new device is priced at Rs 5,999 in India. It features a quad-core 1.7GHz processor. Along with this, the device comes with support for 4K content, Dolby Vision and HDR10+ for an improved and better picture quality. Parag Gupta, Head – Product & Marketing of Amazon India stated that the Fire Stick 4K is 80% faster than its predecessor Fire TV stick that was introduced in India in April last year. "It (Fire Stick 4K) is a complete 4K solution our customers are looking for, all within a compact stick form factor. The team invented an entirely new antenna technology and combined that with a powerful 802.11ac Wi-Fi to optimize for ...
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Blood-Testing Company Theranos is Shutting Down
6Sep By Gauri SinghNo Comments
USA

Blood-Testing Company Theranos is Shutting Down

Health technology company Theranos based in California that was once known as a high flying blood-testing start-up accused of cheating and betraying its investors is reportedly shutting down. It is being stated that the company was not able to sell itself and is now looking to pay unsecured creditors its remaining cash of about $5 million in the coming months. A major portion of the employees already had their last day. Theranos tries to sell itself, but, unfortunately, nobody was willing to acquire a company that has been disgraced and lost its investors nearly $1 billion. This move has come three months after the company’s founder and CEO, Elizabeth Holmes, along with former chief operating officer Ramesh Balwani were charged with criminal fraud. They were accused of misleading ...
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Cryptocurrency Bitcoin Falls Below $8000
31Jul By AnkitaNo Comments
Market

Cryptocurrency Bitcoin Falls Below $8000

In a recent news, Cryptocurrency Bitcoin fell below $8000, as investors stepped away from the risk exposure to cryptocurrencies, due to selloff in shares of technology and internet companies spilled over into other high risk assets Bitcoin is a cryptocurrency, a kind of electronic cash. It is a decentralized digital currency without a central bank or single administrator, though some researchers point at a trend towards centralization. It  can be sent from user to user on the peer-to-peer bitcoin network directly, without the need for intermediaries, though intermediaries are widely used.   “It looks like the entire market is in a risk-off mood today. It started with the (FAANG) stocks, but the mood seems to be dragging down crypto markets as well at the moment,” said Mati Gree...
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Byju’s Plans To Raise $250 Million From Softbank & Others
30Jul By AnkitaNo Comments
FUNDING

Byju’s Plans To Raise $250 Million From Softbank & Others

Education Technology and Training expertise platform Byju’s is in talks with SoftBank and different traders to lift $200-250 million to fund its international growth plans. In the recent talks, the deal is yet to be finalised. Byju’s is in news to lift about $200-250 million from SoftBank and others. They’re nonetheless discussing the factors. This can assist catapult their worldwide growth. If the deal is successful it would possibly value the company at around $2 billion as stated by Byju's.   “We by no means touch upon hypothesis,” mentioned a SoftBank spokesperson to an electronic mail question from ET, whereas a spokesperson of Byju’s mentioned that they had “no feedback” to supply, mentioned Byju's.   Byju’s-The Learning App, which is the education technology pla...
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Gaja Capital invests $25M in Educational Initiatives
27Jul By AnkitaNo Comments
FUNDING

Gaja Capital invests $25M in Educational Initiatives

One of the Mid-market private equity firm Gaja Capital has invested $25 million (about ₹172 crore) in Ahmedabad- and Bengaluru-based educational technology company Educational Initiatives, it has marked its eighth investment from its third fund. managing partner of Gaja Capital, Gopal Jain informed about the transaction but did not share further investment details. 2018 has been an active year for The Gaja Capital. The PE firm manages assets of about $500 million across its three investment vehicles, having already recorded two strong exits — TeamLease and RBL Bank — in April and June, respectively. Both investments were made from its second fund — the $180 million Gaja-II. Mr Jian said, “Education is core to our investment strategy and we are long-term believers in the K-12 opportunit...
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